Saudi Arabia Calls for Global Sustainability, Tourism Sector Advancement

One of the sessions on the second day of World Tourism Day with the participation of the Saudi Minister of Investment (Asharq Al-Awsat)
One of the sessions on the second day of World Tourism Day with the participation of the Saudi Minister of Investment (Asharq Al-Awsat)
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Saudi Arabia Calls for Global Sustainability, Tourism Sector Advancement

One of the sessions on the second day of World Tourism Day with the participation of the Saudi Minister of Investment (Asharq Al-Awsat)
One of the sessions on the second day of World Tourism Day with the participation of the Saudi Minister of Investment (Asharq Al-Awsat)

Pre-pandemic tourism has transformed into something distinct in the post-global health crisis era, according to Saudi Investment Minister Eng. Khalid Al-Falih.

The minister emphasized the crucial need to incorporate sustainability into tourism plans to mitigate potential shocks that the tourism sector may encounter, as was witnessed during the coronavirus pandemic.

Al-Falih’s remarks came during the final day of World Tourism Day (WTD) events held in the Saudi capital, Riyadh.

"We aspire to connect our investments related to future capabilities, smart cities, and sustainable transportation with travel and tourism,” said Al-Falih.

“This is aimed at providing the utmost comfort for tourists while enhancing their role in environmental protection and preservation,” he explained.

Fahd Hamidaddin, CEO and a Member of the Board of the Saudi Tourism Authority, announced on the second day of WTD festivities that the Kingdom is currently experiencing a rapid phase of growth and development, particularly in its tourism sector.

He noted that the Kingdom had already welcomed over 17 million tourists in the first seven months of 2023.

“We anticipate surpassing this figure in the latter half of the year,” asserted Hamidaddin.

Zurab Pololikashvili, the Secretary-General of the World Tourism Organization (UNWTO), regarded Saudi Arabia as a new contender in the global tourism sector, following its successful organization of the WTD.

Pololikashvili, speaking to Asharq Al-Awsat on the sidelines of the WTD, pointed out that the Saudi tourism sector had managed to attract over 50 ministers, officials, and visitors from more than 120 countries, who will serve as ambassadors for the Kingdom in their respective nations.

He also noted that the ongoing developments in Europe due to the fallout from the Russian-Ukrainian conflict and economic slowdown in China are bolstering tourism in Asia.

Pololikashvili also emphasized the significance of the Middle East region and its tourism sector at this opportune moment.

Regarding the success of Saudi Arabia in enhancing the tourist image, Pololikashvili observed a significant difference between the Saudi tourism sector’s current state and what it was two years ago.

This difference is notable in terms of visa acquisition speed, reception methods, diverse destinations, and various activities.

This is reflected in the attendance at the WTD, which drew participants from over 20 nationalities.

As for the challenges facing the sector, Pololikashvili pointed out the distinction between “welcome” and “come again.”

While easy visa acquisition and the availability of appealing destinations might attract some visitors initially, a warm reception, genuine hospitality, and attention to human interaction will undoubtedly entice tourists to return.



Iraq in Talks with Gulf States on Pipeline Exports beyond Hormuz

Workers carry out maintenance on a pipeline at a gas separation station in the Zubair oil field near Basra (AP). 
Workers carry out maintenance on a pipeline at a gas separation station in the Zubair oil field near Basra (AP). 
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Iraq in Talks with Gulf States on Pipeline Exports beyond Hormuz

Workers carry out maintenance on a pipeline at a gas separation station in the Zubair oil field near Basra (AP). 
Workers carry out maintenance on a pipeline at a gas separation station in the Zubair oil field near Basra (AP). 

Iraq is in talks with Gulf countries to use their pipeline networks to secure alternative oil export routes beyond the Strait of Hormuz, the state oil marketer SOMO said Thursday.

The move is part of an emergency strategy by the oil ministry to tap regional infrastructure and bypass maritime chokepoints, ensuring Iraqi crude continues to reach global markets while offsetting higher transport costs linked to the current crisis.

Ali Nizar al-Shatari, head of the State Organization for Marketing of Oil (SOMO), said the ministry is prioritizing negotiations to access Gulf pipeline systems extending beyond the Strait of Hormuz and into the Arabian Sea, allowing exports to avoid areas of military tension.

“The goal is to secure stable routes that guarantee efficient flows of Iraqi oil at lower transport costs,” Shatari said, adding that Iraq generated about $2 billion in oil revenues in March, up 28 percent from February.

He said SOMO exported around 18 million barrels of crude from Basra, Kirkuk and the Kurdistan region by using all available outlets, including southern ports that operated until early March and northern routes to Türkiye’s Mediterranean port of Ceyhan.

As part of efforts to diversify export options, Shatari revealed that the first shipments of fuel oil and Basra Medium crude successfully reached Syrian ports.

He noted that Iraq had signed a deal to export 50,000 barrels per day via this route, describing cooperation with Syria as “very significant,” with storage and security provided to ensure safe delivery to the port of Baniyas.

The route has proven effective and could become a permanent option after the crisis, he added.

Shatari further noted that the oil ministry is close to completing repairs on the Iraq-Türkiye pipeline, which suffered extensive damage in previous years.

Technical teams have inspected the most difficult terrain, with about 200 kilometers (125 miles) still to be assessed in the coming days before full pumping of Kirkuk crude resumes.

In a notable logistical move, Iraq has begun pumping Basra crude northwards for export via Ceyhan.

Flows started at 170,000 barrels per day and are expected to stabilize between 200,000 and 250,000 bpd, helping offset disrupted southern exports and supply energy-hungry markets in Europe and the Americas.

Shatari said Iraq has benefited from rising global prices by selling Kirkuk crude — a medium-grade oil — at strong premiums.

He also confirmed the reactivation of an agreement with the Kurdistan region to reuse the pipeline through the region to Ceyhan, helping lift total exports to 18 million barrels in March.

This came despite a drop in production in Kurdistan fields to about 200,000 bpd due to security threats, he added.

 

 


World Food Prices Rose in March as Iran War Lifted Energy Costs, FAO Says

 A farmer carries harvested rice at a paddy field in Samahani, Aceh province on April 2, 2026. (AFP)
A farmer carries harvested rice at a paddy field in Samahani, Aceh province on April 2, 2026. (AFP)
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World Food Prices Rose in March as Iran War Lifted Energy Costs, FAO Says

 A farmer carries harvested rice at a paddy field in Samahani, Aceh province on April 2, 2026. (AFP)
A farmer carries harvested rice at a paddy field in Samahani, Aceh province on April 2, 2026. (AFP)

The war in the Middle East has pushed food commodity prices higher due to higher energy and fertilizer costs, the UN's food agency said Friday. 

The UN's Food and Agriculture Organization (FAO) said its Food Price Index, which measures the monthly changes in international prices of a basket of food commodities, had increased 2.4 percent in March from February. 

It was the second rise in a row, which the agency said was largely due to higher energy prices linked to conflict in the Middle East. 

Within the index, the category of vegetable oil saw the sharpest rise, of 5.1 percent over February, as palm oil prices reached their highest point since the middle of 2022, due to effects from spiking crude oil prices, FAO said. 

However, a "broadly comfortable" supply of cereal has cushioned the damaged from the conflict, FAO said. 

"Price rises since the conflict began have been modest, driven mainly by higher oil prices and cushioned by ample global cereal supplies," said FAO Chief Economist Maximo Torero in a statement. 

But he warned that if the conflict goes on beyond 40 days and the high prices on fertilizer continue, "farmers will have to choose: farm the same with fewer inputs, plant less, or switch to less intensive fertilizer crops". 

"Those choices will hit future yields and shape our food supply and commodity prices for the rest of this year and all of the next." 

Disruptions to production and supply chain routes had also introduced "additional uncertainty" into the outlook for wheat and maize, FAO found. 


Turkish Inflation Near 2% Monthly in March, Below Forecasts

A full moon rises behind Galata Tower, in Istanbul, Türkiye, Thursday, April 2, 2026. (AP)
A full moon rises behind Galata Tower, in Istanbul, Türkiye, Thursday, April 2, 2026. (AP)
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Turkish Inflation Near 2% Monthly in March, Below Forecasts

A full moon rises behind Galata Tower, in Istanbul, Türkiye, Thursday, April 2, 2026. (AP)
A full moon rises behind Galata Tower, in Istanbul, Türkiye, Thursday, April 2, 2026. (AP)

Turkish consumer price inflation was 1.94% month-on-month in March, while the annual figure fell to 30.87%, data from the Turkish Statistical Institute showed ‌on Friday.

In ‌a Reuters ‌poll, ⁠monthly inflation was ⁠forecast to be 2.32%, with the annual rate seen at 31.4%, driven by ⁠a rise in ‌fuel prices ‌and weather-related pressures ‌on food inflation.

In ‌February, consumer prices rose 2.96% month-on-month and 31.53% year-on-year, broadly in ‌line with estimates and reinforcing expectations that ⁠the ⁠disinflation process may be stalling.

The data also showed the domestic producer index rose 2.30% month-on-month in March for an annual increase of 28.08%.